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between these equilibrium shares and the parameters of a class of asymmetric Tullock contest success functions. Our main …
Persistent link: https://www.econbiz.de/10011550537
I characterize the optimal accuracy level r of an unbiased Tullock contest between two players with heterogeneous prize … contest with an all-pay auction equilibrium (r≥2). By contrast, if she aims at maximizing the expected aggregate effort or the … winner's expected effort, she will choose a contest with a pure-strategy equilibrium, and the optimal accuracy level r<2 …
Persistent link: https://www.econbiz.de/10013172435
agents with commonly known types. The agents in each set compete in a lottery (Tullock) contest, and then are assortatively …
Persistent link: https://www.econbiz.de/10014418053
Two groups produce a network good perceived by a third party, such as a police or military institution, as a "public bad", referred to as "crime" for simplicity. These two groups, considered mafias, are assumed to be antagonists, whether they are enemies or competitors in the same market,...
Persistent link: https://www.econbiz.de/10014636243
We investigate observed rent dissipation-the ratio of the total costs of rent seeking to the monetary value of the rent-in winner-take-all and share contests, where preferences are more general than usually assumed in the literature. With concave valuation of the rent, we find that contests can...
Persistent link: https://www.econbiz.de/10014418203
between these equilibrium shares and the parameters of a class of asymmetric Tullock contest success functions. Our main …
Persistent link: https://www.econbiz.de/10011709893
We extend a standard two-person, non-cooperative, non-zero sum, imperfect inspection game, considering a large population of interacting inspectees and a single inspector. Each inspectee adopts one strategy, within a finite/infinite bounded set of strategies returning increasingly illegal...
Persistent link: https://www.econbiz.de/10011550602
Recent developments in information and communication technologies allow candidates for office to engage in sophisticated messaging strategies to influence voter choice. We consider how access to different technologies influence the choice of policy platforms by candidates. We find that when...
Persistent link: https://www.econbiz.de/10012062360
-group conflict, i.e., the paradox of the plenty. We also consider the potential role of governance in avoiding this paradox. In the …-stage conflict. In the next stage, each group member allocates his private endowment between working or fighting for a share of the … resource size is higher. Group conflict (income) decreases (increases) only when leaders chose the strongest resource …
Persistent link: https://www.econbiz.de/10011453120
promote competition in railway transportation through timetable auctions and infrastructure access. However, the concession … has resulted in a vertically integrated structure that favors PeruRail, which faces minimal direct competition, controls … address these distortions, we propose reforming the auction mechanism to neutralize these advantages and enhance competition …
Persistent link: https://www.econbiz.de/10015408245